Wednesday, July 14, 2021 8:47:13 AM
If positive results actually do confirm in-between 500 billion-750 billion barrels of high quality oil this would be a major discovery almost instantly adding $5billion to the market cap here as oil investors worldwide will read about the discovery. Then add another $5B-$10B if 88 Energy partners with someone to pump it themselves.
From there the sky's the limit because Merlin-1 isn't the only drill site in the 195,000 acre Peregrine Project, and the Peregrine Project isn't $EEENF's only project. You still have Icewine, Umiat, and the Yukon leases as well. 88 Energy is poised to take their business to a whole new level. In my honest opinion investors will likely be getting paid dividends here within the next couple of years.
Quote,"The company’s goal is to build a successful exploration AND PRODUCTION company that Delivers Material Benefits to its shareholders."
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